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Which is better in these – FreshForex/Instaforex/TradeWiseFX?
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I suggest you go with a good, highly reputed ECN Australian regulated broker. I use Global Prime, IC Markets and Pepperstone and have also used AxiTrader. If you are in the UK there are some good regulated brokers there that someone here may recommend. Each of these brokers may have an issue on occasion, but overall I feel they are the best for me.
Many are happy with Tickmill but they don't have solid regulation.
In general stay away from cent account brokers and those who offer bonuses.
Good Luck,
Rod
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Originally posted by Andre AstawalIve been working with FreshForex for past 3-4 years, it has been untroubled journey for me with making huge profits regularly, its due to their mouth-watering conditions and facilities which is to do with zero spread account, swap free option plus massive rebate program that gives 10 dollars on losing trades and 5 dollar if we win it while not just that, you can also check on their review section where so many clients have posted their positive reviews.
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I am not familar with Tradewisefx but used InstaForex several years ago. I had some bad experiences getting withdrawals. I eventually got them, but had difficulties in the process that I don't experience with the regulated Australian brokers. I can not at all recommend InstaForex.
I thought I gave you some useful information in my post right after your first post. Did you not find it helpful?
Have you limited your choices to InstaForex or TradewiseFx?
Cheers,
Rod
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Originally posted by nwboater View Post
I am not familar with Tradewisefx but used InstaForex several years ago. I had some bad experiences getting withdrawals. I eventually got them, but had difficulties in the process that I don't experience with the regulated Australian brokers. I can not at all recommend InstaForex.
I thought I gave you some useful information in my post right after your first post. Did you not find it helpful?
Have you limited your choices to InstaForex or TradewiseFx?
Cheers,
Rod
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Originally posted by Simson Bosy View Post
Sorry, I missed out on reading that. Thanks for your suggestions. Actually, i have not limited my choices to those companies, but like I mention I have been working with them over the years, but of course with far lower investment. Now, I look for higher investment and obviously with that the withdrawal should be higher as well, so I am worried. I feel very nervous about Instaforex for the reason you mention and also reading many people usually having withdrawal issues, but their conditions are attractive to me especially wide range of instruments which I did not found with too many brokers, I am talking about low investments. Tradewisefx is one that I joined latest; they have been providing me solid conditions especially in terms of withdrawal while their support is also nice especially available on Skype, It doesnt have much history which worries me slight. Anyway, I will definitely try out the brokers you have suggested and let see if I can figure out anything worthy. Thanks again for your suggestion and advice.
I am very dubious of any broker that offers bonus's. And the regulation in St. Vincent and the Grenadines is not typically considered anywhere near the same level as the Australian regulations. I have no experience with this broker but from what little I have seen on their website I would be cautious.
Good luck,
Rod
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Originally posted by nwboater View Post
I am very dubious of any broker that offers bonus's. And the regulation in St. Vincent and the Grenadines is not typically considered anywhere near the same level as the Australian regulations. I have no experience with this broker but from what little I have seen on their website I would be cautious.
Good luck,
Rod
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Originally posted by Simson Bosy View Post
I obviously understand your point, but unfortunately sometimes we need to sacrifice something to gain bit and bonus in my view is requirement of all new comers including me, I know with big investment you might say why, but it just feels secure to have more in the tank to work with. As per regulation by St.Vincent, I think now days many brokers have that regulation, so perhaps its not always something could doubt, but again whatever you said holds value and grateful to you for suggesting and even explaining it. Maybe, I might try out one of your suggestions too. I will still consider looking for others views and perhaps more input.
I suggest that you research the dangers of using a Bonus, and look very carefully at the brokers terms on their bonus. I believe that beginners especially should avoid using a bonus because they often don't thoroughly understand how they work. You will find that most experienced traders do not use bonuses.
About Regulations - There are many different regulatory agencies and they do not all offer the same protection. Many offer almost no protection. Again research is in order.
Cheers,
Rod
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Originally posted by nwboater View Post
I suggest that you research the dangers of using a Bonus, and look very carefully at the brokers terms on their bonus. I believe that beginners especially should avoid using a bonus because they often don't thoroughly understand how they work. You will find that most experienced traders do not use bonuses.
About Regulations - There are many different regulatory agencies and they do not all offer the same protection. Many offer almost no protection. Again research is in order.
Cheers,
RodOriginally posted by taylor View PostI have a $5000 real account with InstaForex. So far I think it offers friendly service, good low spreads and easy to deal with.
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